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Automation Risk Analysis

Will “Economic Development Manager” be Automated?

Historical Context: Oxford Study (2013)

Ranked #282 of 702. Estimated risk: 43.0%

Directly assessed by researchers as unlikely to be automatable
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AI Exposure Risk

63%

“Economic Development Manager” will maybe be replaced by AI.

Based on the cognitive demands, communication requirements, and logical reasoning intrinsic to this occupation according to O*NET data, we project a 63% probability of disruption by generative AI and Large Language Models.

Automation & Robot Risk

15%

“Economic Development Manager” will almost certainly not be replaced by robots.

Evaluating the physical dexterity, repetitive motion tasks, and manual labor associated with this role, our analysis indicates a 15% likelihood of substitution by advanced robotics systems.

Personal & Financial Insights

Every occupation has a unique profile. For Economists, the Bureau of Labor Statistics and O*NET classify the day-to-day work broadly as: Conduct research, prepare reports, or formulate plans to address economic problems related to the production and distribution of goods and services or monetary and fiscal policy. May collect and process economic and statistical data using sampling techniques and econometric methods.

Avg. Annual Salary $130,910
Avg. Hourly Wage $62.94
Available Jobs (US) 15,880
Job Title & Hierarchy Code (SOC) Economists #19-3011
Wage vs. National Median
ℹ️

Data is based on the reference occupation: “Economists”

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Core Skills & Abilities

  • Review documents written by others.

  • Study the socioeconomic impacts of new public policies, such as proposed legislation, taxes, services, and regulations.

  • Supervise research projects and students' study projects.

  • Formulate recommendations, policies, or plans to solve economic problems or to interpret markets.

  • Forecast production and consumption of renewable resources and supply, consumption, and depletion of non-renewable resources.

  • Study economic and statistical data in area of specialization, such as finance, labor, or agriculture.

  • Develop economic guidelines and standards, and prepare points of view used in forecasting trends and formulating economic policy.

  • Conduct research on economic issues, and disseminate research findings through technical reports or scientific articles in journals.

  • Provide litigation support, such as writing reports for expert testimony or testifying as an expert witness.

  • Compile, analyze, and report data to explain economic phenomena and forecast market trends, applying mathematical models and statistical techniques.

  • Testify at regulatory or legislative hearings concerning the estimated effects of changes in legislation or public policy, and present recommendations based on cost-benefit analyses.

  • Explain economic impact of policies to the public.

  • Provide advice and consultation on economic relationships to businesses, public and private agencies, and other employers.

  • Teach theories, principles, and methods of economics.

Technologies & Software

  • Tableau
  • Insightful S-PLUS
  • Microsoft SQL Server
  • NotebookLM (Google)
  • Microsoft Visual Basic
  • Oracle Java
  • UNIX
  • Global Insight AREMOS
  • IBM Lotus 1-2-3
  • Wolfram Research Mathematica
  • Microsoft Visual Basic for Applications VBA
  • MacKichan Software Scientific Notebook
  • Python
  • Claude (Anthropic)
  • Semantic Scholar AI
  • Estima Regression Analysis of Time Series RATS
  • Teradata Database
  • The MathWorks MATLAB
  • Microsoft Office software
  • Econometric Software LIMDEP
  • Qwen (Alibaba)
  • Camfit Data Limited Microfit
  • Microsoft Excel
  • Minitab
  • Perplexity AI
  • Microsoft Visual C# .NET
  • Gemini for Workspace
  • Corel QuattroPro
  • ESRI ArcView
  • MySQL
  • Microsoft PowerPoint
  • SAS
  • Mozilla Firefox
  • Aptech Systems GAUSS
  • Estimates Delivery System EDS
  • Timberlake Consultants OxMetrics
  • Palisade @Risk
  • Microsoft Word
  • Maplesoft Maple
  • C++
  • Web browser software
  • Nova (Amazon)
  • Microsoft Internet Explorer
  • Corel WordPerfect Office Suite
  • Elicit
  • UNIX Shell
  • Consensus
  • Structured query language SQL
  • Gemini (Google)
  • Microsoft Outlook
  • IBM SPSS Statistics
  • Microsoft Power BI
  • Mistral (Mistral AI)
  • R
  • Scite AI
  • MediaWiki
  • Kimi (Moonshot AI)
  • Llama (Meta)
  • LaTeX
  • Statistical software
  • Formula translation/translator FORTRAN
  • Mistral AI (chat/models)
  • DeepSeek
  • Microsoft Access
  • Grok (xAI)
  • Quantitative Micro Software EViews
  • TreeAge Software TreeAge Pro
  • StataCorp Stata
  • Mathsoft Mathcad
  • ChatGPT (OpenAI)
  • Personal computers
  • Data scanners
  • Laptop computers
  • 10-key calculators
  • Desktop computers
  • Maintrame computers